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. do not vote for any incumbent, period. host: we are two years out from the next election. you say if this thing does not work, star of the campaign not to vote of the incumbents? caller: start it now. start the campaign now. they want to start campaigning earlier and earlier, we as the american people need to send a message now that if you cannot do it, if you cannot do your job, then we do not want you there. host: john in south carolina on the line for democrats. caller: the morning. listen very carefully. some of these people, they are all about money. ever since they are in office, some more against him. if i was the president and they do not do their job, i would come to the american people and say, listen, let's spend enough money to pay ourselves out of debt and start from scratch. all of those jobs will come back from china because the dollar will not be worth. that is what is it is a bout. host: on the front page of "the financial times." we also have a tweet. this is what the senate minority leader said yesterday on the floor after his meeting at the white house. [video
the government, the government suggested you can have our election with them are in the class, and they did a film, and it's absolutely priceless. i mean, the parents, they didn't have to do it because the teachers were not shy to do it. they would make this mistake or that little thing and they would have this comical elements but the students got interested. they got interested. they ended up collecting a monitor. i'm how good the monitor was. but it was all right. it was all right. and so there are ways i think, which are more likely to think of that i am. of taking these different ideas and say try to settle here or try it out over there. you are building the bar, and it's true that there are, none of these things, everything has its drawbacks. move along. >> final two questions. this gentleman right here, and back their. >> ninety. i've been involved in studying practicing chinese law for the last 45 years. i just want to say on a positive note you, justice breyer and also i think others talked and plenty differently which about changing a legal culture in china. and it wanted to menti
? because end of february are these elections. >> yes. the elections are, of course, more the campaign heading into the elections with all these noises, especially the end ecb noises that we hear from italy. that's going to cause concern that if italy does need help, how likely are they going to be to get it? in the years from 1993 to 2007 italy brought down its debt to gdp ratio to almost 100% and half of that time berlusconi is prime minister. it's not like berlusconi has a record of fiscal spending. >> no. but i guess also the times were different. >> the times were different but the interest rate was slightly higher than it is now. but the primary surplus of the country ran over that period which was an acceptable 3% on average is already right now reached once again. so all the parameters are in the right place and the only thing the next government needs to do is actually nothing. if it does nothing, if it doesn't reverse the reforms -- >> what's interesting is what berlusconi is campaigning on is austerity. he's running on an ant anti-austerity pro eu package. while it's untenab
to overcome it in this election. i worry about the future. not every candidate will have the particular advantages barack obama that had in his ability to raise money. >> another question from this side? >> there seems to be a growing consensus or perception that, unlike past democratic president, president obama has not left a ideological format of what it means to be a democrat. there is -- there has been a fear that with the party going so big and republicans moving to the right, there could be a battle for the soul of the party in the next four or eight years. do you see a post-obama age -- a civil war-like occasion happening? >> we just pushed the post-obama age off by four years. [laughter] >> i know. even in the next four years? >> what this president stands for -- i talked earlier about the fight we had. i was reading a book some of you may have read that was excellent about clarence darrow. he talked about some of the fights in the late 19th and early 20th centuries. during the gilded age and the progressive era. so much of the dialogue -- there were differences, but the fundam
shortly after the november presidential election. this is an hour and half. >> one of the best things about sitting across from you is that, for all of us who have been part of the institute's staff, we are wondering what you been thinking, with this experience has been like for you over the last year-and-a-half, two years. so tonight, we get to hear for the first time your reaction to the campaign. >> thank you very much. i want to thank the in boyer for the support the university has given the institute politics, including making it possible for us to hire such extraordinary people like steve edwards and been restored and all of the other people -- and ben reeseberg and all the other people. [applause] you have been wondering what i have been doing and i have been wondering what you have been doing. [laughter] >> those who were disappointed by this outcome, the democrats elated by this outcome -- given the conventional wisdom around this campaign, the president's approval ratings that were barely above 50%, often dipping below it, the unemployment around 8%, gdp growth stock of arou
said his cabinet is designed to overcome crisis. he was elected as prime minister, a post he held before between 2006 and 2007. he's the first politician in 64 years to return to the position after resigning. abe filled the cabinet with familiar faces and new ones. he appointed suga as chief cabinet secretary. that makes him the head government spokesperson. aso is his deputy. he will serve as finance minister and financial services minister. the new foreign minister is fumio kishida. he served in the previous cabinet. onodera is defense minister. he's well versed in dip ro mat tick and security issues. he chaired a lower house committee in okinawa and the northern territories. a newly created post for akira amari for the council on economic and fiscal policy which was cut by the previous government. we asked people in central tokyo what they expect from the abe administration. >> translator: i hope it will fix the economy and energize japan. >> translator: i want a new cabinet to use tax-free on the tsunami survivors. i really have a high expectation about this. >> translator: i
lawmakers re-elected as japanese prime minister, a job he left five years ago. welcome to nhk world "newsline." shinzo abe is getting down to the business of governing japan for the second time. he says his new cabinet is taking all the challenges the country faces, including a sluggish economy and last year's disaster. abe explained in his news conference his cabinet is designed to overcome the crisis. he says reviving the economy is a top priority. >> translator: a strong economy is the basis of japan's power. reviving a strong economy is essential to japan's future. my cabinet will carry out bold financial policies, well-timed fiscal policies and a strategy to encourage private investment toward economic growth. my cabinet will carry out these economic policies and achieve results. >> are prime minister abe says he and his minister also devote energy to foreign policy. he says they will strengthen diplomatic and security policies. >> translator: we should rebuild our diplomacy to protect our national interests. we are facing many challenges in our relations with china, south kore
election than they've been in the past. the brief reports thursday, the day after the election, and friday. they say park of the conservative ruling party had won a tight race by a small margin. compare that with what happened five years ago. north korea waited to report the results 2 1/2 months after election day. analysts say north korea is maintaining a caution attitude over the election of another conservative leader in the south. they say quicker reporting this time shows that they are responding more calmly than five years ago and are looking for the right time to try to resume dialogue with counterparts in seoul, aimed at obtaining food aid and economic cooperation. >>> japan's incoming prime minister shinzo abe will send a special envoy to meet with south korea's new leader. >> translator: i'm sending former finance minister to south korea to improve relations between our countries. >> abe says he will visit south korea and deliver a personal letter from abe to park. he'll deliver a personal letter from abe to park. park said she regards japan as a friendly nation but bilateral rel
. and then when re-elected as president again of planet earth's biggest nation, russia. vladimir putin biggest winner of 2012. >> "biggest loser," pat? >> general david petraeus. cia most famous general of his generation caught in a honey trap and kwon. >> the nra national rifle association which has no answer to why americans should be allowed to buy and possess assault weapons with rounds they can shoot off and kill little children. >> mark. >> the 23 million americans who remain out of work and have been out of work for a long period of time. >> seldom aidle son who backed candidates with millions of dollars, including mitt romney, and though lost. >> how many millions? >> all total? >> five or something? i think it's in the neighborhood of the 70s. >> yeah. >> right. he is moving along. the biggest loser of 2012 lance armstrong for using performance-enhancing drugs. armstrong was stripped of his tour de france titles and sponsor contracts worth 15 to $18 million. biggest loser. >>> okay. best politician. >> wisconsin governor scott walker. he put through his right to work laws. he didn't w
and he never went back until the last week of the election. it's really puzzling. romney had a shot there. go there after you pick someone from that state and you never go back? host: why was john kerry's enormous wealth and not an issue in 2004? guest: it was, but that campaign was so much defined by 9/11, john kerry, and the swift voting issue. the problem is not enormously wealthy candidates, but can they make a pitch to the working-class voters. it does not matter what is in your bank account of what is out there in public. guest: part of the reason john kerry of losses because he and his wife were characterized the same way they did to rodney as the out of touch, french looking couple who cannot relate the middle class americans. guest: in the even does become a little bit of french. guest: it was an issue in 2004 and it was very harmful in terms of his character. host: you write about this in the book, this ad that came out just before the election and it played heavily in ohio. let's watch. "washington journal--- >> fact checkers say his attack on romney is false. he is a plan to h
and picked colleen or another member of congress, that would trigger a special election and you would have to replace another person. this is an easy fix to get somebody to start voting right away without triggering any special election for the house. >> they want that vote on the fiscal cliff. still the employee of the month and thank you so much. next, breaking with boehner. a month ago, oklahoma congressman tom cole endorsed compromising and going-over the fiscal cliff. what's he saying now? the minority report, we will get the view from the other side of the aisle with john yarmouth. a look ahead at the president's schedule. you are watching t"the daily rundown" on msnbc. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash re
elected, he would have strained things much better than they are now. that is part of the problem. host: what -- caller: character, honesty. host: mitt romney is your choice. caller: that is about it. host: patrick is next. caller: my political hero is president obama. host: why so? caller: he has gone through a lot. he has kept his cool during the course of the year. i look forward to him doing better. host: one thing that stands out as far as his accomplishments. caller: bringing the end to osama bin laden. i think he has done very well. he has been patient and the adult for working with the republicans that tried to make everything for the country. host: president obama amongst others being listed this morning from the phones and facebook and twitter. after thestory passing of senator daniel in a the washington times." host: the code of hawaii -- the governor of hawaii possibly been the replacement for daniel inouye, reported by cbs news. picking up on the remaining time and before the next senate, comes in. president obama spoke on friday and talked about the senator's service and h
ten moments of an election year is like finding your favorite grain of sand on the beach. there are an impossible number of possibilities. there are the moments when catch phrases become boomerangs. >> if you got a business, you didn't build that. >> i like being able to fire people who provide services to me. >> when cast members stole the spotlight. >> i'm an american woman who us contraception. let's start there. >> almost like an etch a sketch, you can shake it up and we start all over again. >> a fair number of moments ranging from ridiculous to explicable. >> i'm not going to shut up. it's my turn. >> i think it's called romnesia. >> if i were to coin a term it would be obamaloney. >> so many moments so much nonsense. but there were moments that shook up the race or made history and made our top ten list. >> it was seen at the time as a proxy race for november. wisconsin's republican governor scott walker in a showdown with organized labor over budget cuts and collective bargaining power. turns out the end result was no bellwether for the presidential race. walker w
to italians to embrace the spirit of cooperation in upcoming elections. >> tens of thousands of people showed up in st. peter's square to hear benedict's message, and millions to and in worldwide. >> tens of thousands of people turned out to hear the pope's christmas message. the square erupted in applause as the pontiff stepped out to address the crowd. he revisited one of the themes of his christmas eve message -- the wish for peace in the middle east. turning and i to syria, he called for an end to the conflict -- turning an eye to syria. the pope appealed to those responsible to stop the bloodshed and slaughter of innocent people. he called for dialogue in order to find a political solution to the conflict. the pope then delivered a christmas message in 65 languages. >> remind the world that true happiness lies in their hearts with hope and joy, for the savior has been born for us. >> for many in the audience, hearing the message in their own language was an obvious highlight. then came the blessing -- to the city and to the world. >> we are joined now in our studio by our religious affai
. >> this government would lead the country in a transitional phase, which would end with new elections. they could be presidential elections if the parties concerned agree to it, or parliamentary elections.% >> but what role syria's president assad might play -- on that brahimi said nothing. syria's opposition has already dismissed his suggestions. hope for a rapid end to the bloodshed seems optimistic. >> syria will be the special focus later this half hour. >> we will have a special report from the turkish-syrian border. in other news, u.s. president barack obama has broken off his christmas vacation to resume talks on the so-called fiscal cliff, taxes and spending cuts unless democrats and republicans reach a deal by new year's eve. >> nearly all the major players in those negotiations are starting to agree on one thing, and that is that a deal is virtually impossible by that deadline. senior officials say there is little hope of a grand bargain to shave trillions of dollars off of america's mountain of debt. >> applause for the bell at the start of the trading day is a daily ritual at the new
. >> number number 2. >> project that obama will be re-elected. >> the election was about social. >> spending cutting, about what kind role government should have in your life. >> number 1. the fiscal cliff. lawmakers saw it coming but didn't bother to pay attention until after the election. had they put politics aside and dealt with it earlier who knows how strong the economy would be right now. >> coming up, a five-days for a woman. she gets the news she has been waiting to hear on her missing teen daughter. >>> and we are taking a look back at the year. the most outstanding student athletes of the year. >>> those and more coming up at six. now a preview of world news at 6:30. >> coming up, american companies saying thank you. thank you america for make this a great made in america christmas. . >>> you have heard of downward facing dog? even if you haven't chances are your children have. we have more on the latest craze for children. yoga. >> reporter: some say yoga is the fattest growing sport in the nation with 20 million practicing regularly. the latest trend is an ever
we live in a center-right country. if you look at the last two presidential elections that doesn't seem to be the case. are we living now in a new, progressive era? >> in terms of the presidency, i think we are, paul. i'm not sure about the country. barack obama i think is the center left or left wing president since the great depression and i think that what barack obama has in mind to do is indeed to redistribute income from the top downward, not to cut spending, but to increase spending, it's explicit from a 20% of gdp to 25% gdp and rather than cut spending raise taxes as necessary to support that spending and i would say that is in fact essentially the french model. and the question is whether it can support enough growth in the economy. >> paul: taxes are going up, we know that, spending, going up for sure even before the health care law kicks in. so, we are moving in that direction, particularly in the entitlement state. not reforming it, but actually expanding it. >> aen what happened this year was the supreme court helping this along, you have the justices essentially re
hit do it at the end of an election season, rather than at the middle, so -- >> the economy takes a hit. there are a lot of economists who believe. i guess i would put myself in this camp if we don't get this resolved for several months. and sometimes these political fights go on and on. because jessica is right, this is at the core of what these go parties believe in. i do think that the tax increases could possibly cause a dreaded double-dip recession. and that would really hurt families. >> so if we don't have to push the panic button new year's day, when does it harmful when you're sitting at home looking at this thinking what is going on? when does that person in peoria or boise feel the effects? >> i think starting at the end of the month, next month. and if these guys can't get it together we're going to have to totally change the family finances. because we don't know how much taxes we'll pay for the average middle class family, candy, we're talking about through the year. 2,000 to $2,500 increase on their tax bill. >> that is plenty more. steven, by the way, thinks they c
any doubt in my mind. there are looking at the election of 2014 and 2006 to more than the people. thank you for your time. pfft host: good morning to you, elmer. what is your level of optimism heading into 2013? caller: i am kind of scared. the statement i went to bed, why do we not get in contact with george bush. i think he should be in here on the deal because it was him and that got us in this position we are in. he cannot even tolerate position said they have going on with our congress. if the people out here for us to be taking care of, if they have enough money to take over to another country the way they demonstrate, that is what we are in this position that we are in. i think we should get in contact with george bush and see if he can get us out of this. host: here is a piece in "the washington post." if there is a photo of the first couple greeting military personnel. this is the president remained largely out of sight golfing and spending time with his family. he left washington late on friday. a little progress has been made on the cliff talks, but at least the talkin
up the news of this holiday. then, part two of our conversation about upcomingin elections: house races in illinois and south carolina, an high-profile politics in new jersey. we have two health stories. first, are annual mammogramswn necessary? betty ann bowser examines theil conflicting answers.or >> it's going to result in an excessive treatment required for people that delay getting their cancer detected.re >> ifill: plus, 2013 will be am pivotal year for the new health care reform law. ray suarez gets an update from julie rovner of npr. from the island of mindanao in the philippines, fred de sam lazaro profiles a group of peacekeepers struggling to maintain a fragile cease-fire between government and rebel forces.o >> there are many other organizations that do medical care and food provisions. never enough. what is new here is civilians protecting civilians. >> ifill: itn's john sparks reports on police officers in china, and their accusations of widespread corruption by local officials. and jeffrey brown samples the poetry about greece's financial woes and its austerity meas
were house and the largest city. a densely populated district of labor. japan pose a newly elected prime minister is vowing to -- japan's newly elected prime minister is vowing to -- >> a second chance to make a mark. he stages a comeback of his career, and japan -- named japan's prime minister again. it set off political instability, and i want to learn from the previous experience. including the setbacks. >> the immediate challenge is the economy. years of industrial decline, an aging population, and slumping exports have drags japan and the stagnation. they increase public spending and revitalize growth. >> he has shown to the nation that his administration has to be the wind that could pull out japan's economy. >> of the nationalist politics will be tested, especially in an ongoing territorial dispute with china. they have long wanted to rewrite the pacifist constitution that allows only a military for self-defense. >> this is how to reshape of the culture of japanese postwar society. he has written about these things in the past and that is what he is concerned with. >> a cabi
9/11. the anthrax scare. there were also positive things. the election of barack obama i thought was a very positive statement for the country and moving forward in a way out of a fiscal abyss. i could not have imagined a better time to have been here with all of the things that have happened. >> let me ask you to look back over those 12 years and ask what the high point was. >> when we could work together. maybe the single event that would and body that is the gang of 14. john mccain and i put together six other democrats and six other republicans to avoid what was then called the nuclear option, changing the rules, turning the senate into a smaller version of the house, where the rights of the minority caucus are ignored. consequently, we were able to work together that way, crossing party lines, crossing with the id administration wanted done or what the caucus leadership on both sides wanted done, it showed we had a certain independence. i will never forget the late senator robert sitting in an office with us all together, sobbing, saying, we saved the senate. we came to an a
election, there were people around the president of the united states with assault rifles. we put people in schools with the guns, what happens if there in the restroom and somebody breaks and from the front? how are they going to protect the children? how many children do we have to lose? host: thanks for the call -- let me share with you this photograph from "the new york daily news." a handful of students tried to flee and lanza shot teem. some of the other fallen students are in the photograph. because of the teacher process protection, most of her students survived a car. -- survived a the horror. asheville, north carolina, republican line. caller: i would like to say one thing and i think there is a connection that people are overlooking -- i think people especially recently and as far back as timothy mcveigh and the people who crashed into the tent -- twin towers, they are terrorists. terrorist attacks society by creating fear, mayhem, and everything else. is the united states overlooking this? are we creating terrorists? beene young people have t attacking people with assault rif
you were happy to do that so close to an election when some might say politically that wasn't the best thing to do. >> this is much more important than any election, piers. this is the livelihood of the people in my state when the president does this evenings that deserve praise, i will give him praise. when the president does things that deserve scorn, i will give him scorn. people know that about me. i am not going to play politics with this issue. this is so much bigger than an election. this is the livelihood of the people of my state. people expect me to get the job done. when they ask me a question, i give an honest answer. how has the president been on this? he's been great. >> this killed ambassador christopher stevens, the country's terrorism chief now says it was a terrorist attack. >> clearly the death of ambassador christopher stevens continues to reverberate and the truth or otherwise of the circumstances leading up to his death seem to be pretty vague to put it mildly. where do you think we are with this? >> well, let me tell you what's not vague and that is five days aft
ultimately burned seven homes. the election commission in egypt confirmed today the new constitution won nearly 64% of the vote in a referendum. the panel also reported turnout was just a third of the country's 52 million registered voters. president mohammed morsi and his muslim brotherhood backed the draft constitution. opponents warned it paves the way for islamic rule and curbsd on civil liberties. the six persian gulf arab nations demanded an end to what they called iranian interference. they issued a statement today as the end of the gulf cooperation council's annual summit. the statement gave no details. the six u.s.-allied countries also called for swift international action to end the bloodshed in syria.in in central asia, a military plane crashed early this morning in kazakhstan, killing 27in people, including the country's head of border security.ll the russian-made aircraft went down near the southern city of shymkent. the dead also included seven crew members and 19 border guards. there was no immediate word on the cause of the crash, but kazakhstan has been plagued by heavy
no one thought they would. in the last two elections, a majority of greek people did not vote for either of those parties. try to understand what it would mean if a majority of americans voted for night of the republicans or democrats. in the last election the two major parties of greece, new democracy and the socialist party together got under 40% of the vote. and the explosive new party is a party that is a far left wing party that is against all austerity programs and wants to solve greece's problems by taking wealth away from the traditional greek ridge. this is a party that until this year didn't get more the 2% or . this is a party that until this year didn't get more the 2% or 3% of thech . this is a party that until this year didn't get more the 2% or 3% of the. this is a party that until this year didn't get more the 2% or 3% of the boat. the government agrees -- there's a lot, under greek law whatever party comes in first, take a step back, greece has proportional representation that deserves a word of comment. proportional representation is the peculiar idea that if you get a
's very clear now, mr. president, that the speaker's number one goal is to get elected speaker on january 3rd. the house is not even here. he's told me he'll give them two days to get back here, 48 hours, not two days, 48 hours. they don't even have enough of the leadership here to meet to talk about it. they've done it with conference calls. people are spread all over this country because the speaker is basically waiting for january 3rd. now, the president campaigned on raising taxes on people making more than $250 thou,000 a year. the bush tax cut will expire at the end of this year. obama was elected with a surplus of about three million votes. he won the election. he campaigned on this issue. again, the speaker can't take yes for an answer. the president has presented to him something that would prevent us from going over the cliff. it was response to something that the speaker gave them himself but i guess with the dysfunctional republican caucus in the house, even the speaker can't tell what they are going to do because he backed off even his own proposal. the house, we hear so ofte
, though, they went more and more public, appearing on television and also pressing their own elected representative, especially their congresswoman to really push hard against the mexican government for an early release. their goal was to get him home by christmas, and they've achieved that goal. heather, back to you. heather: we are glad they're going to spend the holiday together. thank you very much. and a little background, by the way, on john hammer's arrest. it was august 13. he was enroute to costa rica with a friend when he was detained by mexican customs who claimed that he had an incorrect permit for an antique rifle that he had in the his possession. well, the friends that he was traveling were -- with were also detained but released shortly after. four months later on december 17th, the first photo was anonymously e-mailed to his father. two days ago hammer was released when a mexican judge ruled in the his favor, and he was then driven across the border into texas. that same night his father anxiously waited for him. john hammer spent a total of 132 days behind bars. gre
government today. abe led his party to a landslide victory in the recent general election. a special diet session will be convened on wednesday afternoon to choose the successor to outgoing prime minister yoshihiko noda. abe will be elected prime minister by voting in the upper and lower houses. he will be the first japanese prime minister in 64 years to be given a second chance. abe was prime minister for one year until he resigned in september 2007. abe plans to immediately start forming his cabinet. he'll hold a news conference in the evening to lay out his government's visions. the new government is not short on challenges. one urgent task is restoring the country's economy. japan's debt is projected to reach $12.8 trillion by next march. the ratio to the country's gross domestic product is 226%, the worst among developed nations. abe has pledged to halve the fiscal deficit by march 2016. the new government intends to finance its spending without borrowing by fiscal 2020. they hope to achieve the goal by cutting expenses. this would involve squeezing social security costs. all eyes ar
the results are wrong. i will continue protesting peacefully until our demands are met. >> egypt's election commission says nearly 64% of voters approved the constitution in tibia will rounds of balloting, a clear majority, but the overall turnout was only about 33%. with the official results in, the constitution's islamists supporters are looking ahead. the muslim -- the muslim brotherhood's freedom and justice party says it is time to focus on the challenges ahead. >> this is a priority for us. in addition, we want to discuss with other parties concerning what other laws are implemented in order to speed up economic reform. >> the president ordered the upper house of parliament to convene. elections for the lower house have to be held by the end of february. >> in russia, a bill banning american citizens from adopting russian children has won final approval from parliament there. >> president vladimir putin has already hinted he will sign it. angry citizens gathered in front of parliament to protest. they say children should not become victims of politics. the ban 1 unanimous support in t
attribute to the sun as far as his leadership abilities? joseph kabila, who was recently elected in 2011, which many characterized as a rigged election -- what do we know about the current president, and why do we support leaders in africa to exploit their citizens and the poverty that in sue's makes them more susceptible -- ensues makes them more susceptible to extremist elements, like al-qaeda? you will receive 100 virgins when you do the suicide attack, and whatnot. how can we get ourselves out of this, america? somebody talk to me, please. >> i think you are right. this is part of a generation of african leaders that are not going to move their countries forward. this is an issue of economic freedom. y have the opportunity,rtunit we're going to keep coming back here. from my perspective, mr. affleck is sitting on the far right, but i am okay with that. [applause] >> to ask the question about the character of joseph kabila -- i first met him in 2001. he came to me with secretary powell, and they sat in the secretary's office soldier to soldier. joseph kabila laid out a vision of what
wall street doesn't want you to know. plus, it goes down as the most expensive election in history. the role dollars and donations played in the race to the white house. and, americans spent a staggaring amount of money at the box office this year. a look at what we watched. but first, matt shapiro, president of mws capital, joins us now for a look back at the standout stocks of 2012. good to have you on the show this morning. > > thanks a lot angie. > definitely facebook was the leader of the pack. it was the third largest ipo ever, and one of the worst opening days ever. > > what a typical disaster for today's vacuous electronic markets. but, if you held off, remember, it was $18.75 before its last earnings report, and bounced all the way up. so, not only was it the worst ipo, but, it was a story rebound stock. and it's kind of the age of 2012, was these big tech stocks. which one do you buy and where do you buy it? > there were good times and bad for apple. at one point it was the must-own stock, and then it was "you must sell quickly before the end of the year and take home you
, but it's also very important to continue to go very actively in this direction. 2013 we'll see elections in germany and in italy. do you think it could lead to some sort of political stand by or quite the opposite, it could speed up the political reshaping in the eurozone? >> first of all, i think that the situation in all countries, you ever responsibility toes be taken and i am not of the opinion that there are divisions in the public opinion in any country in europe that would translate in major changes in the policies pursued. so i am confident that this historical endeavorer which is reinforcing the european union, reinforcing government, fiscal and economic governments will go on and until now, all elections in all countries and we have 17 democracies so you have perchl elections have confirmed the determination of the european to go on and to pursue their, again, historical endeavor. this is something which is very important. ten from new york, ten from, i would say, hong kong and shanghai, in from singapore. you have a difficulty to understand that underlying you have a historica
in mind, it's been a pretty good year despite it being an election year, despite the fiscal cliff and ongoing problems in europe. the market has done better than it has usual done. what's changed? i think there will be continued political turmoil and slow growth but that's, particularly given valuations, may not be a bad year for equities as all. >> i'm going to add to that list having been a good year for the stock market. also had a lot of recovery in the housing market as well. do all these good things, all this progress become undone if we go over the fiscal cliff. >> i think clearly we've seen some healing in housing which is great and as has already been said we've seen some good progress over in europe and in china so that's all great. i'm neutral on equities in my allocation strategy fund, target rich funds and the reason for that is the fiscal cliff. if we go over the fiscal cliff then i think that given how lean companies are, and as slow as we're growing, we could see the economy dip back into recession and earnings estimates will have to go lower. >> the mastercard rep
this amount of money on elections? think of the people that could benefit from that money. >> there have been two elections since i have been in america. two elections where one party has had far more financial firepower. one was with meg whitman and one was with romney. the most money lost. what does that tell you? >> the people are getting smarter. they're going, i don't like this amount of money spent on this election. there should be a given -- campaign finance reform is very important. i hope somebody does something about it. you should have a given amount, equal amount, equal air time. that's it. you know? that idea of corporations being people, no, no. this is a country of, by and for the people. not of, by and for the corporation. you know? it's like because i'm so against gmos, the modified food and i'm so against lobbying, you know, like chemical companies lobbying and proposition 37 was bad. that's scary. the poison in our foods and in the air and pollution. they give discretionary polluters -- we are having climate change. the republicans don't seem to want to acknowledge that. it
a horizon of 8 months to the next federal election in germany, for instance. greece therefore is the sick person europe. of the world. meanwhile, the united states of america is ungovernable. you have a system in this country that was created to create this country as an ungovernable state. you have congress, the president canceling each other out. how the president -- whoever the president might be -- do anything? you have china -- finding it impossible to provide a replacement for the demand that the west has done away with. so, i do not have an answer for your question. bewilderment. >> my question is about consumer demand and the extent to which the old system depended on it. if we do not have it to the same degree, could there possibly be a new economy? i cannot know how to say all of these in the right economic terms. i will say what i am thinking and see what you make out of it. its teams like all the economy's got to a point where it had to be based on growth. it could not just be sustainable. it had to grow. and that meant more consumers. so, then, that led to a lot of things eco
, what he said four years ago, whatever plan he had then is over with. this is a new election. the deal that he had a year ago, that does not count. for republicans and people to say they don't understand what's going on, i have a problem with that. the republicans deny anything he puts forward. the president left his vacation and came here. they're not being fair. republicans say they are christians. they're not. they did this during his last term and now are causing and all of us to suffer because they don't like the president. this is personal. this has nothing to do with raising taxes. this is a personal attack and i think it's a shame. we look like a third world country. we don't look like the united states. host: let's get a republican voice. our next caller is calling from west bloomfield, michigan, on the republican line. good morning. caller: i would like to get your thoughts on a balanced approach and have unbiased taxation by using a flat tax. that way you can calculate the amount of taxes we need for the deficit over 10 years. another point is to control the spending on enti
the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to avoid paying the alternative minimum tax. an increase in the debt ceiling is not part ofhe discussion. that is significant development r house republicans who won any increase in the borrowing limit it accompanied by an equal amount in spending cuts taking the debt ceiling of the table making it much easier for the scaled-down version to be negotiated. from here senate leaders will try to secure an agreement by sunday morning. if so, democrats and republicans will try to sell its house and senate members. if they can do that the voting begins. there is some progress report this evening, though there are no guarantees. congress will act to resolve this. tom: this sounds a little bit like bob woodward's book to by bob woodward's book when he talked about the debt ceiling fight back in 2011. mcconnell, from the way i read it, mcconnell and reid took it away from the president and said , let us to work our own deal by ourselves, kind of cutting him out of the negotiations.
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